Mogo - M&A Summary and Business Overview

Internet Software And ServicesCompany

Mogo M&A Summary

Mogo has acquired 4 companies, including 4 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

Mogo’s largest acquisition to date was in 2020, when it acquired Carta Solutions Holding for $24M. The Company’s most targeted sectors include information technology (50%) and business services (25%).

Mogo Business Overview

Where is Mogo headquartered?

Mogo is headquartered in Vancouver, British Columbia.

What is Mogo’s revenue?

Mogo disclosed revenue of 58M CAD for 2021 and 44M CAD for 2020.

How many employees does Mogo have?

Mogo has 344 employees.

What sector is Mogo in?

Mogo is an internet software and services company.

When was Mogo founded?

Mogo was founded in 2003.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity4
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2

Mogo

Mogo, Inc.

2100-401 West Georgia Street,
Vancouver, British Columbia V6B 5A1
Canada,
(604) 659-4380
www.mogo.ca

Mogo is a financial technology company offers financial health app that empowers consumers with solutions to help them manage and control finances. Users can sign up for a free MogoAccount in only three minutes and get access to six products including free credit score monitoring. Mogo was founded in 2003 and is based in Vancouver, British Columbia.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # - 1 3 - - - 4
vol $24M $24M
Sell (0.2/yr) # - 1 - - - - 1
  5

Most Recent M&A

Company Date Value Type
Fortification Capital, Inc. 2021-09-01 - Add-on Acquisition
Montreal, Quebec · www.fortificationcapital.com
Moka Financial Technologies, Inc. 2021-03-23 - Add-on Acquisition
Montreal, Quebec · www.moka.ai
GoNumerical Holdings AG 2021-02-11 - Stake Purchase
Toronto, Ontario · www.coinsquare.com
Carta Solutions Holding Corp. 2020-11-17 24M USD Add-on Acquisition
Oakville, Ontario · www.cartaworldwide.com
Mogo, Inc. - Consumer Loan Portfolio 2020-02-28 - Divestiture
Vancouver, British Columbia
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Information Technology 2 (50%) 24M (100%) - -
Business Services 1 (25%) - - -
Internet Software and Services 1 (25%) - - -
Financial Services - - 1 (100%) -
Total 4 $24M 1 -

By Geo

State/Country Buy Value Sell Value
Canada 4 24M 1 -
  Quebec 2 - - -
  Ontario 2 24M - -
  British Columbia - - 1 -
Total 4 $24M 1 -

Deal Values

buy # Total
< $100M 1 $24M
TOTAL $24M
Largest Carta Solutions Holding Corp.
$24M (2020-11-17)

M&A Connections

Deals
Acquired from
Investor(s)
25%
1 (25%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Internet Software and Services

Revenue

58   32% 2021
44   27% 2020
60   2% 2019
61   25% 2018
49   2% 2017
50   2016
(millions of CAD) Show More Show Less

Employees

344

Established

2003

Public

NASDAQ: MOGO

Former Name

Mogo Finance Technology, Inc.

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